Revolution Growth

ActiveVenture Capital

Updated: Dec 24, 2025 ·

About

For more than two decades, Revolution has backed the people, places, and ideas that redefine what’s possible. From transformative technologies to iconic destinations, we back entrepreneurs shaping both the digital and physical world.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	Sizable energy	$8.0M Seed	—	Bow Capital, Playground Global, Schematic Ventures
Nov 1, 2024	Soverin	$150K Seed	—	Alpaca VC, Amino Capital, Andreessen Horowitz, Asymmetric Capital Partners, B Capital Group, Forum Ventures, Kleiner Perkins, Long Journey Ventures, Pioneer Fund, Prototype Capital, SV Angel, Adrian Aoun, James Watt, Johnny Boufarhat, Sue Xu
Sep 1, 2024	Two Boxes	$5.0M Series A	—	Flexcap, Founder Collective, M13, Peterson Ventures, Vinyl Capital, Ben Jabbawy, Nik Sharma
May 1, 2024	Reibus	$30.0M Venture Round	—	500 Global, Bling Capital, Canaan Partners, Founder Collective, HighScale Ventures, NFX, WGI Group
Apr 1, 2024	Scheduler AI	$3.0M Seed	—	11 Tribes Ventures, Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, Lytical Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky
Mar 1, 2024	Pandion	$42.0M Series B	—	Blue Bear Capital, Blumberg Capital, Bow Capital, Building Ventures, Playground Global, Schematic Ventures, Streamlined Ventures, Anshu Sharma
Feb 1, 2024	Centauri AI	$500K Seed	—	Amino Capital, cofounder, DILA Capital, Hive Hatch, Night Capital, Pioneer Fund, TNT Venture, VoLo Earth Ventures, Y Combinator, Steve Salis
Feb 1, 2024	PermitFlow	$31.0M Series A	—	Alpaca VC, Amino Capital, Andreessen Horowitz, Asymmetric Capital Partners, B Capital Group, Bessemer Venture Partners, Cyberstarts VC, Aniq Kassam, Forum Ventures, Founder Collective, Founders Fund, Fusion VC, Initialized Capital, Innovation Endeavors, Kleiner Perkins, Long Journey Ventures, Pareto Holdings, Pioneer Fund, Prototype Capital, Recursive Ventures, SV Angel, Walden Catalyst Ventures, Y Combinator, Adrian Aoun, Immad Akhund, James Watt, Jason Katzer, Johnny Boufarhat, Mark Cuban, Namrata Ganatra, Sahin Boydas, Sue Xu
Mar 1, 2023	Two Boxes	$5.0M Seed	—	Flexcap, Founder Collective, Vinyl Capital
Mar 1, 2023	Pacto	$6.0M Seed	—	cofounder, DILA Capital, Hive Hatch, Night Capital, Pioneer Fund, TNT Venture, VoLo Earth Ventures, Steve Salis
Jan 1, 2023	Speakeasy	$7.0M Seed	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, Lytical Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky
Jan 1, 2023	Cymbal	$19.0M Seed	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, Kleiner Perkins, Lytical Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Neil Hunt, Sahil Lavingia, Scott Belsky, Tom Steyer
Oct 1, 2022	Start Left® Security	$3.0M Seed	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, Lytical Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky
Oct 1, 2022	Scheduler AI	$1.0M Seed	—	11 Tribes Ventures, Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, Lytical Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky
Sep 1, 2022	Landeed	$4.0M Seed	—	Flexcap, Founder Collective, Vinyl Capital
Aug 1, 2022	Landeed	$2.0M Seed	—	Flexcap, Founder Collective, Third Prime, Vinyl Capital, Tegan Kline
Aug 1, 2022	Spectral	$23.0M Venture Round	—	Construct Capital, General Catalyst, Gradient Ventures, Matchstick Ventures, Saga, SoftBank Investment Advisers, SpringTime Ventures, Tiger Global Management, Neil Parikh
Jul 1, 2022	Veckta	$3.0M Seed	—	cofounder, DILA Capital, Hive Hatch, Night Capital, Pioneer Fund, TNT Venture, VoLo Earth Ventures, Steve Salis
Jun 1, 2022	Branch	$150.0M Series C	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bond, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, Jump Capital, Lytical Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, WndrCo LLC, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky
Jun 1, 2022	Hokodo	$40.0M Series B	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Earlybird Venture Capital, Elephant Partners, Founders Fund, Frontline Ventures, General Atlantic, Highbury Group, HV Capital, Lytical Ventures, Matchstick Ventures, Mosaic Ventures, Philip Chopin, Scott Sandell, Notion Capital, Pareto Holdings, Sapphire Ventures, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Bastian Nominacher, Clark Landry, Daren Cotter, Jiake Liu, Lev Ekster, Maximilian Tayenthal, Ryan Wyatt, Sahil Lavingia, Scott Belsky
Jun 1, 2022	Ledger Investing	$75.0M Series B	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, GPO Fund, Highbury Group, Lytical Ventures, MassMutual Ventures, Matchstick Ventures, Scott Sandell, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daren Cotter, Jiake Liu, Jonathan Wasserstrum, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky
May 1, 2022	Hugging Face	$100.0M Series C	—	A Capital, Accel, Act One Ventures, Addition, Adjacent, Anthemis Group, Arrive, Battery Ventures, Beckett Layne Ventures, Benchmark, Betaworks Ventures, BITKRAFT Ventures, Bonfire Ventures, Boost VC, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Contrary Capital, Crosscut Ventures, Cyberstarts VC, Kevin Ding, Dreamers VC, Drive Capital, E1 Ventures, Eight Roads Ventures, Factorial, Felicis Ventures, FirstMark Capital, Founders Fund, Future Shape, Gaingels, General Atlantic, GoAhead Ventures, Graph Ventures, Great Oaks Venture Capital, Griffin Gaming Partners, Highbury Group, Hustle Fund, Insight Partners, IVP, Koch Fund, KRM Interests LLC, Lakeside Capital, Lead Edge Capital, Leadout Capital, Lightspeed Venture Partners, Liquid 2 Ventures, Long Ventures Partners, Lytical Ventures, Matchstick Ventures, Merus Capital, Metaplanet, Scott Sandell, NFX, Offline Ventures, Paradigm, Pareto Holdings, Partners Resolute, Predictive VC, Round One Capital, SCOR Ventures, Sequoia Capital, Shrug Capital, SignalFire, Splash Capital, Springdale Ventures, Henry Fertik, SV Angel, Marco DeMeireles, The Hit Forge, Thirty Five Ventures, Torch Capital, Ulu Ventures, Alex Rodriguez, Abrahami Avishai, Charlie Cheever, Clark Landry, Daren Cotter, Derrick Li, Eric Ries, Frederic Kerrest, Immad Akhund, Jaan Tallinn, Jennifer Lopez, Jiake Liu, Joe Greenstein, Karen King, Kevin Colas, Lev Ekster, Mark Cuban, Mark Pincus, Matthew Dellavedova, Michael Ma, Rashaun Williams, Ronny Conway, Ron Pragides, Ryan Carlson, Ryan Wyatt, Sahil Lavingia, Scott Belsky, Sheila Vashee, Tim Kendall, Todd Corenson
Apr 1, 2022	Swoops	$4.0M Seed	—	Alpaca VC, Amino Capital, Andreessen Horowitz, Asymmetric Capital Partners, B Capital Group, Brand New Matter, Double Down, Forum Ventures, Kleiner Perkins, Long Journey Ventures, Pareto Holdings, Pioneer Fund, Prototype Capital, super{set}, SV Angel, Vayner RSE, Adrian Aoun, James Watt, Jason Robins, Johnny Boufarhat, Sue Xu
Apr 1, 2022	Packfleet	$10.0M Seed	—	Creandum, Earlybird Venture Capital, Felix Capital, Flexcap, Founder Collective, General Catalyst, Scale Asia Ventures, SMOK Ventures, Vinyl Capital, Y Combinator, Bartek Pucek, Chris Murphy, Christian Bach, Freddy Macnamara, Gideon Valkin, Heini Zachariassen, Jonas Huckestein, Mathias Biilmann Christensen, Tom Blomfield
Apr 1, 2022	DarkHorse	$430K Seed	—	Act One Ventures, Addition, Anthemis Group, Betaworks Ventures, Bonfire Ventures, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Crosscut Ventures, Kevin Ding, Drive Capital, Founders Fund, General Atlantic, Highbury Group, ICONIQ Capital, Lytical Ventures, Matchstick Ventures, New Enterprise Associates, Pareto Holdings, SCOR Ventures, SignalFire, Springdale Ventures, The Hit Forge, Clark Landry, Daphne Carmeli, Daren Cotter, Jiake Liu, Lev Ekster, Ryan Wyatt, Sahil Lavingia, Scott Belsky

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Revolution Growth.

Leadership Team

Key people at Revolution Growth.

Deep Dive

High-Level Overview

Revolution Growth is a growth-stage investment fund under Revolution LLC that selectively invests growth capital in technology-enabled consumer businesses with the potential to disrupt large, established industries. Its mission is to back extraordinary companies and entrepreneurs who can change the world by helping them scale from niche markets to mass adoption. The fund typically invests $10 million or more in only two to three companies per year, focusing on businesses that have some revenue traction but have not yet reached mainstream adoption. Revolution Growth is highly hands-on, partnering closely with management teams over the long term to build their businesses. Key sectors include consumer technology, with notable portfolio companies such as Sweetgreen, Bigcommerce, and DraftKings. The fund plays a significant role in supporting startups outside traditional tech hubs, especially on the U.S. East Coast, thereby influencing the broader startup ecosystem by fostering regional innovation and growth[1][2][3][6].

Origin Story

Revolution Growth was launched in 2011 with an initial capital of $450 million by Revolution LLC, an investment firm founded in 2005 by AOL co-founder Steve Case. Key partners leading Revolution Growth include Steve Case, Ted Leonsis, and Todd Klein. The fund emerged from the founders’ vision to disrupt the concentration of venture capital in Silicon Valley by investing in promising companies primarily on the East Coast and other underserved regions. This approach aligns with Revolution’s broader mission to support entrepreneurs transforming legacy industries with innovative technology. The fund’s early strategy focused on “speed-ups” — companies that have demonstrated some market traction but need capital and operational support to scale to mass markets[1][2][6].

Core Differentiators

Selective Investment Model: Invests in only two to three companies annually, allowing deep, hands-on partnership.
Focus on Growth-Stage “Speed-Ups”: Targets companies with revenue traction but not yet mainstream adoption, typically investing $10 million+.
Geographic Focus: Emphasizes investments outside Silicon Valley, especially on the East Coast, supporting regional innovation.
Experienced Leadership: Led by seasoned entrepreneurs and operators like Steve Case and Ted Leonsis who bring complementary skills and long-term commitment.
Operational Support: Works closely with portfolio companies on all facets of business-building without second-guessing CEOs.
Network Strength: Leverages Revolution’s Rise of the Rest platform and broad civic and business relationships to support portfolio growth[1][2][5][6].

Role in the Broader Tech Landscape

Revolution Growth rides the trend of decentralizing venture capital away from traditional coastal tech hubs, capitalizing on the growing innovation ecosystems across the U.S. outside Silicon Valley. This timing is critical as technology adoption and startup activity have expanded nationwide, creating opportunities in undercapitalized regions. The fund’s focus on consumer technology businesses that disrupt legacy industries aligns with broader market forces favoring digital transformation and consumer empowerment. By investing selectively and providing hands-on support, Revolution Growth helps scale companies that might otherwise struggle to access capital and expertise, thus influencing the broader ecosystem by promoting geographic diversity and sustainable growth in the tech sector[2][3][6].

Quick Take & Future Outlook

Looking ahead, Revolution Growth is poised to continue its selective, high-impact investment approach, likely expanding its influence as regional tech ecosystems mature and demand for growth capital outside Silicon Valley increases. Trends such as remote work, digital consumer services, and industry disruption through technology will shape its portfolio focus. The fund’s commitment to partnering closely with entrepreneurs suggests it will remain a key player in scaling transformative companies that challenge entrenched industries. As the startup landscape evolves, Revolution Growth’s model of combining capital with operational expertise and regional focus positions it well to capitalize on emerging opportunities and deepen its impact on the national tech ecosystem[1][2][3][6].

Sources

Frequently Asked Questions

Who founded Revolution Growth?

Revolution Growth was founded by Ted Leonsis (Co-Founder).